Gold Rate in UAE Today
Updated December 21 2024, 16:15 UAE Time
Latest UAE Data (AED/gram)
Gold Rate in UAE
Updated 21 December 2024
22kt Price
294.50
2.00 (0.68%)24kt Price
318.25
2.25 (0.71%)
| Gold Price | Gold Rate Today |
|---|---|
| 22kt gold price per gram | 294.50 |
| 24kt gold price per gram | 318.25 |
Government Suggested Retail Price
| Purity | morning | afternoon | evening | yesterday |
|---|---|---|---|---|
| 24 carat | 318.25 | 318.25 | 318.25 | 316.00 |
| 22 carat | 294.50 | 294.50 | 294.50 | 292.50 |
| 21 carat | 285.25 | 285.25 | 285.25 | 283.25 |
| 18 carat | 244.50 | 244.50 | 244.50 | 242.75 |
Gold Price by Emirate | 22 Carat Gold Today | 24 Carat Gold Today | |||
| City | 1 gram | 10 gram | 1 gram | 10 gram | |
|---|---|---|---|---|---|
| Abu Dhabi | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Ajman | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Dubai | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Fujairah | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Ras al Khaymah | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Sharjah | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
| Umm Al Quwain | 291.00 | 2,910.00 | 314.50 | 3,145.00 | |
Our local data is sourced directly, analyzed and tested by us. Learn more.
Gold Price by Emirate
| City | 1 gram | 10 gram |
| Abu Dhabi | 291.00 | 2,910.00 |
| Ajman | 291.00 | 2,910.00 |
| Dubai | 291.00 | 2,910.00 |
| Fujairah | 291.00 | 2,910.00 |
| Ras al Khaymah | 291.00 | 2,910.00 |
| Sharjah | 291.00 | 2,910.00 |
| Umm Al Quwain | 291.00 | 2,910.00 |
| City | 1 gram | 10 gram |
| Abu Dhabi | 314.50 | 3,145.00 |
| Ajman | 314.50 | 3,145.00 |
| Dubai | 314.50 | 3,145.00 |
| Fujairah | 314.50 | 3,145.00 |
| Ras al Khaymah | 314.50 | 3,145.00 |
| Sharjah | 314.50 | 3,145.00 |
| Umm Al Quwain | 314.50 | 3,145.00 |
Our local data is sourced directly, analyzed and tested by us. Learn more.
How much is my gold worth?
Historical Gold Price Performance in AED per 1 Gram
| Date | 22k | 24k |
|---|---|---|
| 21-12-24 | 294.50 | 318.25 |
| 20-12-24 | 292.50 | 316.00 |
| 19-12-24 | 291.00 | 314.50 |
| 18-12-24 | 293.25 | 316.50 |
| 17-12-24 | 295.50 | 321.00 |
| 16-12-24 | 295.50 | 319.25 |
| 15-12-24 | 295.50 | 319.25 |
| 14-12-24 | 295.50 | 319.25 |
How much is my gold worth?
The UAE Gold Rate Market
The UAE has long been a major player in the international gold market, with over 33% of its imports being in gold reserves. The top three markets for the UAE are India, Switzerland and the USA. As of 2019, gold imports in the UAE stood at US$20 billion, a significant increase from 2018 where it was standing at US$12 billion.
Gold Rate Supply and Demand:
Gold demand in the UAE is primarily driven by consumer jewellery purchases, which account for nearly half of all gold transactions. In addition to this industry participants play a significant role as well, with institutional investors and banks buying up large chunks of gold when economic uncertainty rises or there is potential for profit. As for supply, the country relies heavily on imports from global markets to supplement their domestic production, with most coming from Africa and Europe.
Future Trends:
Going forward, the UAE’s gold market is likely to be affected by geopolitical factors such as the price of oil and economic concerns such as slower global economic growth which could slow demand for their products. Additionally, the ongoing shift away from physical gold towards digital investments may affect their status as a hub for trading precious metals. Despite these potential risks, signs point to an ever-strengthening presence in the industry given its robust infrastructure, supportive government policies and active participation in international initiatives.
